Show will go on despite fear of final curtain

Hello. I thought we'd meet again. Welcome to the new home for my work as a parliamentary correspondent for BBC Wales.

Last autumn, I spent a few days travelling from west Wales to Westminster to see how different communities would prepare for the Chancellor's spending review.

The easy option would have been to compile tales of woe from people fearing the impact of "savage cuts" in public spending on their daily lives.

The slightly more challenging option was to look at how people would cope with those cuts. On a day when the Prime Minister attempts once again to re-engage us with his idea of a "big society" it's perhaps worth re-visiting one particular project.

I talked to volunteers at Theatr Gwaun in Fishguard, a loss-making theatre threatened with closure after the county council withdrew funding.

There is better news for the theatre, thanks to the work of volunteers and a couple of Hollywood stars.

Friends of Theatr Gwaun are now managing the theatre on a three-year lease at peppercorn rent. There is a real buzz in the air and spokesman Derek Webb tells me: "We plan to open on 4 June with a 'variety grand opening show' and have a full programme of films and live events lined up."